Providence Resources PLC (AIM:PVR, OTC:PVDRF) has appointed Alan Curran as the company’s new interim chief executive, with James Menton’s role now reverting back to non-executive chair.
Curran most recently led a transformational restructuring strategy at Verus Petroleum, where he was chief executive between 2014 and 2019, Providence noted.
"I am pleased that Alan has agreed to join Providence Resources as interim chief executive," Menton said. “As a board, our primary objective is to progress our appraisal programme leading to a phased commercial development of the Barryroe oil and gas field.
“We are confident that the field can be successful and I have no doubt that, with his extensive experience in the oil and gas industry, Alan's knowledge and expertise will assist the board in optimising the Barryroe Field."
Curran, meanwhile, commented: "I am delighted to be joining Providence Resources at this pivotal time for the company.
“As one of the largest undeveloped oil and gas fields offshore Europe, there is no doubt that the Barryroe Field presents a unique opportunity to develop a critically important Irish source of oil and gas to substitute some of the imports that will be needed to meet ongoing demand during the energy transition."